NAGANO KEIKI CO.,LTD
7715・Prime Market・Precision Instruments
Pressure Gauge Business
Nagano Keiki's largest segment. Manufactures and sells pressure gauges, pressure switches, and thermometers both domestically and internationally.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥36,471 million | ¥36,981 million | ↓ |
| Operating Income | ¥3,141 million | ¥2,933 million | ↑ |
| Segment Assets | ¥29,748 million | ¥28,549 million | ↑ |
| Depreciation | ¥787 million | ¥868 million | ↓ |
| Capital Expenditures (Increase in Tangible and Intangible Fixed Assets) | ¥528 million | ¥948 million | ↓ |
| Operating Margin (Segment) | 8.6% | 7.9% | ↑ |
Business Details
The core business of the Nagano Keiki Group, manufacturing and selling pressure gauges, pressure switches, thermometers, and related products. Domestically, production is centered at the Ueda Instrumentation Factory, supplying a wide range of industries including the process industry, FA pneumatic equipment, semiconductor industry, and industrial machinery industry. Overseas, the U.S. subsidiary serves as the core hub for OEM operations, developing the North American and European markets primarily with industrial machinery-related products. In FY2026 (ending March 2026), this segment accounted for approximately 53.9% of consolidated net sales, maintaining its position as the largest segment.
Recent Overview
Net sales declined 1.4% year on year, but operating income rose 7.1% year on year on strong U.S. OEM performance, improving profitability.
In the Pressure Gauge Business for FY2026 (ending March 2026), net sales decreased slightly to ¥36,471 million (down 1.4% year on year). Domestically, maintenance-related demand from the process industry increased, while sales to the FA pneumatic equipment industry and semiconductor industry declined. Meanwhile, at the U.S. subsidiary, strong OEM business performance in the U.S. and European regions drove an increase in sales to the industrial machinery industry, resulting in operating income of ¥3,141 million (up 7.1% year on year), an improvement in profitability.
Key Products
Growth Drivers
- Continued expansion of demand for aging social infrastructure countermeasures and maintenance in the process industry
- Continued strong sales of industrial machinery-related OEM business at the U.S. subsidiary
- Demand stability supported by diverse industrial sectors including chemicals, energy, and food
- Full-fledged recovery from the inventory adjustment phase in capital expenditure demand for the semiconductor industry (expected in the second half of FY2026)
- Development of new demand in new energy fields such as hydrogen and ammonia, and in medical-related fields
Risks
- Risk of prolonged inventory adjustment in capital expenditure demand for the semiconductor industry
- Continued weakness in sales to the FA pneumatic equipment industry
- Risk of declining exports and rising costs due to strengthened U.S. tariff policy (a decline in sales to the industrial machinery sector at the U.S. subsidiary is expected in FY2027, ending March 2027)
- Profit pressure from rising prices of raw materials and energy such as metal materials and electricity
- Risk of decreased yen-denominated sales at overseas subsidiaries due to exchange rate fluctuations (yen appreciation) (assumed exchange rate for FY2027, ending March 2027: 1 USD = ¥150)
Last updated: June 25, 2026